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Doing good but not that well?: A dilemma for energy conserving homeowners
KTH, School of Architecture and the Built Environment (ABE), Urban Planning and Environment.ORCID iD: 0000-0002-1750-3726
2016 (English)In: Energy Economics, ISSN 0140-9883, E-ISSN 1873-6181, Vol. 60, p. 197-205Article in journal (Refereed) Published
Abstract [en]

In this paper the issue of market capitalization of energy efficient buildings is addressed by considering single-family housing in Sweden and through analyzing as to what extent the market price for a house is influenced by its energy performance. Are Swedish homeowners doing well by doing good? We make use of information provided by the Swedish energy performance certificates for single-family homes matched with data on the corresponding transaction prices, household characteristics and attributes of the neighborhood. The resulting database, covering about 77,000 individual observations, is used to analyze the relationship between the price of a house and its energy performance by means of a hedonic model. Unlike most other studies the energy performance is decomposed into energy consumption and several other variables characterizing the energy system. The main question addressed is if there is a price premium for energy efficient housing in Sweden. Our results differ from earlier studies and indicate no price premium related to the energy consumption but substantial premiums for housing attributes that improve the energy efficiency. A likely explanation is that prospective buyers of new homes base their expectations about future energy consumption on those attributes rather than on the energy consumption of the previous owner.

Place, publisher, year, edition, pages
Elsevier, 2016. Vol. 60, p. 197-205
Keywords [en]
Price premium, Energy efficient housing, Single-family houses, Energy saving potential, Building attributes, Energy performance certificate
National Category
Civil Engineering
Identifiers
URN: urn:nbn:se:kth:diva-199759DOI: 10.1016/j.eneco.2016.09.025ISI: 000390496000020OAI: oai:DiVA.org:kth-199759DiVA, id: diva2:1067358
Note

QC 20170120

Available from: 2017-01-20 Created: 2017-01-16 Last updated: 2017-11-29Bibliographically approved
In thesis
1. Livable and Sustainable Cities: Explorations of the City Soul and Energy-Efficient Housing based on Swedish Data on Citizens’ Preferences
Open this publication in new window or tab >>Livable and Sustainable Cities: Explorations of the City Soul and Energy-Efficient Housing based on Swedish Data on Citizens’ Preferences
2017 (English)Doctoral thesis, comprehensive summary (Other academic)
Abstract [en]

Contemporary cities face many challenges, none the least from an urban planning perspective. Global climate change and urbanization is putting pressures on planning for combatting and adapting to, e.g., a warmer climate and an increased need for housing in already dense environments.

The aim of this thesis is to contribute to a more comprehensive understanding of residents’ opinions and preferences regarding various aspects of city livability and sustainability. Two of the papers discuss energy-efficient housing and two the identity/soul of the city and its neighborhoods. The papers are empirically oriented and rest on relatively large quantitative materials of Swedish data. The database used in the first two articles contains around 77,000 observations of single-family homes. The residential survey used in the two final papers was sent to a random sample of 6,600 residents in four cities, resulting in 2,573 respondents.

Regression is the primary analytical method and the results indicate a preference for sustainable housing, in terms of a price premium on heat pumps (attributes that both reduce the energy consumption and are easily observed in the house). It is further suggested that the perception of a strong city/neighborhood soul is linked to positive relations to the city and to positive perceptions of its physical characteristics. In particular, feelings of attachment, belonging, and pride as well as perceptions of aesthetics, arts, and symbols, seem to be linked to a strong city/neighborhood soul.

The presented research contributes to related literature through providing insight to Swedish residents’ preferences and opinions concerning energy-efficient housing and the city/neighborhood soul. It is shown that a citizen perspective based on carefully designed databases and appropriate analytical tools can be used by planners to gain new insights supporting urban livability and sustainability efforts.

Place, publisher, year, edition, pages
Stockholm: KTH Royal Institute of Technology, 2017. p. 34
Series
TRITA-SOM, ISSN 1653-6126 ; 2017-07
Keywords
Attractive cities, place identity, green housing, urban planning, quantitative studies, residential satisfaction
National Category
Social Sciences Interdisciplinary
Research subject
Planning and Decision Analysis
Identifiers
urn:nbn:se:kth:diva-215196 (URN)978-91-7729-501-3 (ISBN)
Public defence
2017-10-26, Sal Q2, Osquldas väg 10, KTH, Stockholm, 09:00 (Swedish)
Opponent
Supervisors
Note

QC 20171004

Available from: 2017-10-04 Created: 2017-10-04 Last updated: 2018-01-13Bibliographically approved

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Wahlström, Marie

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